Economy

Wednesday, June 17th 2020 - 12:09 UTC
Investment inflows to Latina America forecasted to halve from US$ 164 billion

Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.
Wednesday, June 17th 2020 - 08:35 UTC
Chile's government agrees with opposition US$ 12bn stimulus package

Chile’s government reached a deal with opposition lawmakers for a US$ 12 billion stimulus package over the weekend as infections hit a record and the health minister quit.
Wednesday, June 17th 2020 - 08:26 UTC
Peru's economic activity plunges 405% year on year in April

Peru´s economic activity sank 40.49% year-on-year in April, its worst-ever percentage drop in output, as a national lockdown to combat the coronavirus slammed the brakes on industry across the country, the government said.
Wednesday, June 17th 2020 - 08:22 UTC
Argentina extends confidentiality agreements with creditors for one day

Argentina has extended confidentiality agreements with creditors by one day to allow further negotiations as the two sides seek a last-ditch agreement to restructure around US$ 65 billion in debt.
Tuesday, June 16th 2020 - 11:55 UTC
Argentina and main creditors on the last leg of negotiations: reviewed exchange of payment proposals

Some of Argentina’s largest creditors presented a new debt proposal to the government over the weekend as the two sides edge closer to a US$ 65 billion restructuring deal, according to people familiar with the matter.
Tuesday, June 16th 2020 - 08:30 UTC
UNCTAD anticipates value of global trade in second quarter will drop 27%

A study carried out by the United Nations Conference on Trade and Development, Unctad, pointed out that disruptions to the economic and social sectors by the pandemic have caused a dramatic decline in trade.
Tuesday, June 16th 2020 - 08:28 UTC
China bans Norwegian salmon claiming it could be linked to Covid-19 outbreak in Beijing market

China has halted imports from European salmon suppliers amid fears they might be linked to a COVID-19 outbreak at a Beijing market, although experts say the fish itself is unlikely to carry the disease.
Tuesday, June 16th 2020 - 08:18 UTC
Brazilian Treasury Secretary plans to resign from government in next two months

Brazilian Treasury Secretary Mansueto Almeida confirmed in an interview with financial blog Brazil Journal published on Sunday that he plans to resign from the government in July or August.
Monday, June 15th 2020 - 08:18 UTC
Chilean copper miners warn of alarming increase in Covid-19 cases and threaten to walk off the job

Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an “alarming” increase in coronavirus cases among workers.
Monday, June 15th 2020 - 08:07 UTC
Chinese manufactory recovery for second straight month but still weaker than expected

China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.